Nimcat Networks acquired by Avaya for $46 million

Nimcat Networks was acquired by Avaya last week. Nimcat was founded just three years ago, in 2002. They had a staff of 35 in Ottawa, had received venture capital over the last two years totaling about $7 million and only launched their first product in the spring of 2005. Their revenues must have been very marginal still, possibly less than $1 million.

Avaya bought them for $46 million. And this was probably a steal.